Buying office space in Istanbul is one of the ideal alternatives for investors interested in achieving noticeable and stable returns on their investments. Istanbul is a huge and fast-developing city.
Investing in these commercial units not only brings a high income but also a great increase in the value of the property within a short period of time, especially if the office is purchased in a strategic location.
Istanbul is the industrial capital of Turkey and has many large commercial centers. Due to the rapid urban development, the demand for offices throughout the city is increasing dramatically.
Nowadays, offices can also be found in new stylish complexes, and the demand for offices in complexes is increasing as complexes offer more facilities, social services, and round-the-clock security.
Investing in office space as commercial real estate requires higher initial costs, but offers higher returns compared to renting apartments.
You can also take a look at Apartments for sale in Istanbul
Renting office space is a more stable investment compared to renting apartments, and office leases are longer. Office space is available almost everywhere in Istanbul but is concentrated in Istanbul’s business centers.
The business centers are located in central areas such as Levent and Maslak.
Offices in these areas are the most expensive due to their prime location and high quality of construction. The age of the offices and the quality of construction also play a role in pricing, but the location is considered the most important factor among others.
Prices for offices in newly developed business centers such as the Basin Ekspres region are very affordable and have a very bright future in terms of appreciation.
Why invest in offices for sale in Istanbul?
Mostly, people want to invest in a property like an office to rent in Istanbul for companies or even for their own company, and this paragraph is dedicated to those who are starting their business out and need guidance.
In the beginning, the type of company must be determined if it is a limited liability company, a joint-stock company, a simple recommendation company, or a solidarity company.
Documents required to buy an office for sale in Istanbul
The required documents are pretty basic and they will make the process so much easier for you. They are as follows:
- Copy of passport, translated and certified in case of foreigners
- Tax number
- Consent to security
You can also take a look at Villas for sale in Istanbul
What are the steps of buying an office in Istanbul?
The founders of the company must choose the headquarters of the company, and it can be a real headquarters, where the activities of the company will be carried out permanently.
The only disadvantage of this option may be the cost of the monthly rent of the office.
Or you can choose a virtual location where you are legally registered in an already existing office, but not conducting any business activity, and this option does not serve to circumvent the law in any way.
Turkish law requires a minimum capital for starting a business, which is currently 10,000 Turkish Lira. However, it is recommended to deposit capital of 100,000 Lira in order to enjoy broader legal privileges, such as obtaining permits and establishing a business, joining Turkish trade organizations, and entering into major contracts in import and export.
The establishment of a company in Turkey takes place in five stages:
- The phase of drawing up the contract
- The phase of completion of the procedure before the Chamber of Commerce
- The phase of signature approval
- The phase of the extension of the auditor’s office and preparation of the accounting contract.
- The last phase is the opening of the company’s bank account and the deposit of the capital on it.
What to consider before real estate investment in Istanbul?
If your way of investing in Turkey is to look for offices in Istanbul or shops for sale to try achieving a high-rental income, well then you have to consider a few things before you make such a step, and we are here to provide all the information and help you are going to need along the way so don’t forget to make us a call, but before that, we will let you know about the following if your dream is to have a modern office in Turkey and especially Istanbul :
- What do you do? a simple question yet so many people ignore the answer. In other words: what is the nature of your work! If you think you are always overwhelmed with your work, or if your schedule is always full, then probably a busy area is where you need to be where all the businesses are centered, but if your work needs a lot of concentration and focusing, then a calm, quiet, and a place full of natural views and green spaces is where you need to be. And when we say you we mean the whole business, not individuals because the better you understand the mentality of your workers and use it for their good the more performance and quality you are going to get out of them.
- You have to be near public transportation in Istanbul, the closer you are to them the easier clients are going to find you or even have enough energy to get to you! That’s a simple rule right ? and don’t let the cheapest prices take over your mind, sometimes cheap property is cheap for a good reason. You need to be in a known area, especially for commercial use, and that’s probably where you find most of the shops in Istanbul located.
- It’s no joke that all things can happen all the time, so a good property with proper security is a must such as having a parking lot and emergency exits and of course security guards and cameras.
